Indigo good short candidate
Indigo spot cmp 1350
Bearish bat pattern formation
PRZ zone in range 1430-1455
pattern gets violated above 1540 levels
As per elliot wave counter is on verge to complete its impulse phase,,
once corrective phase unfolds,, we can see sharp fall in counter,,
Rising channel resistance around same range would act as good resistance
Price are making higher high and RSI is making lower high,, bearish divergence
Good shorting candidate
Bearish bat pattern formation
PRZ zone in range 1430-1455
pattern gets violated above 1540 levels
As per elliot wave counter is on verge to complete its impulse phase,,
once corrective phase unfolds,, we can see sharp fall in counter,,
Rising channel resistance around same range would act as good resistance
Price are making higher high and RSI is making lower high,, bearish divergence
Good shorting candidate
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